The Cluster Linked Incubator Model for Business (CLIMB) is a new initiative proposed by the Office for Private Sector Relations (OPSR) for implementation under the SFA 2002 funding cycle. This Programme seeks to create and sustain small business incubators to help Saint Lucia businesses adapt to the challenges of a CARICOM Single Market economy. Based on a formal review of the best practices in incubators, a methodology was developed for the Saint Lucian environment. In this model a much more extensive program of business training is recommended to compensate for the relative inexperience of small business entrepreneurs.

 Caribbean Business Report Feb 16th 2009

The St. Lucia Chamber of Commerce wants more local business persons to think seriously about franchising as a lucrative business venture.Franchising is a concept where the owner of a successful business allows another person in a different market to duplicate the business model, using established trademarks, products and business philosophy. Successful franchises are KFC, Coca Cola and McDonalds.... Read more

 Caribbean Business Report Jan 26th 2009

» Headlines
• New UK fees on Caribbean bound passengers worrying • Caribbean nervous about economic downturn • Caribbean Marketplace pauses for Obama inauguration • OECS Ministers act to safeguard tourism • Sir Dwight Venner to address OECS this week • St. Lucia Coalition of Services to be launched this week • Blue Coral to revolutionise shopping experience • And our MSME profile – Viga MossProducts